Tuesday, January 31, 2017

The 85-year-old political activist and philanthropist hit the headlines post-Brexit saying the event had “unleashed” a financial-market crisis.

Well, the crisis hasn’t hit Soros just yet.

He was once again on the right side of the trade, taking a short position in troubled Deutsche Bank and betting against the S&P via a 2.1-million-share put option on the SPDR S&P 500 ETF.

More interestingly, Soros recently took out a $264 million position in Barrick Gold, whose share price has jumped over 14% since Brexit. Along with this trade, Soros has sold his positions in many of his traditional holdings.

Soros had recently announced he was coming out of retirement, again.

First retiring in 2000, the only other time Soros has publicly re-entered the markets was in 2007, when he placed a number of bearish bets on US housing and ultimately made a profit of over $1 billion from the trades.

Since the 1980s, Soros has actively been pursuing a globalist agenda; he advances this agenda through his Open Society Foundations (OSF).

What is this globalist agenda, and where does it come from?

The Humble Beginnings

The globalist seed was sowed for young George by his father, Tivadar, a Jewish lawyer who was a strong proponent of Esperanto. Esperanto is a language created in 1887 by L.L. Zamenhof, a Polish eye doctor, for the purpose of “transcending national borders” and “overcoming the natural indifference of mankind.”

Tivadar taught young George Esperanto and forced him to speak it at home. In 1936, as Hitler was hosting the Olympics in Berlin, Tivadar changed the family name from Schwartz to Soros, an Esperanto word meaning “will soar.”

George Soros, who was born and raised in Budapest, Hungary, benefited greatly from his father’s decision.

Allegedly, in 1944, 14-year-old George Soros went to work for the invading Nazis. It is said that until the end of the war in 1945, he worked with a government official, helping him confiscate property from the local Jewish population.

In an 1998 interview with 60 Minutes, Soros described the year of German occupation as “the happiest time in my life.”

Soros’s Venture into Finance

When the war ended, Soros moved to London and in 1947 enrolled in the London School of Economics where he studied under Karl Popper, the Austrian-British philosopher who was one of the first proponents of an “Open Society.”

Soros then worked at several merchant banks in London before moving to New York in 1963. In 1970, he founded Soros Fund Management and in 1973 created the Quantum Fund in partnership with investor Jim Rogers.

The fund made annual returns of over 30%, cementing Soros’s reputation and putting him in a position of power—one he utilizes to this day to advance the agenda of his mentors.

The Currency Speculations That Threw Britain and Asia into Crisis

In the 1990s, Soros began a string of large bets against national currencies. The first was in 1992, when he sold short the pound sterling and made a $1 billion profit in a single day.

His next big currency speculation came in 1997. This time Soros singled out the Thai baht and, with heavy short-selling volume, destroyed the baht’s artificial peg to the US dollar, which started the Asian financial crisis.

“Humanitarian” Efforts

Today, Soros’s net worth stands at $23 billion. Since taking a back seat in his company, Soros Fund Management, in 2000, Soros has been focusing on his philanthropic efforts, which he carries out through the Open Society Foundations he founded in 1993.

So who does he donate to, and what causes does he support?

During the 1980s and 1990s, Soros used his extraordinary wealth to bankroll and fund revolutions in dozens of European nations, including Czechoslovakia, Croatia, and Yugoslavia. He achieved this by funneling money to political opposition parties, publishing houses, and independent media in these nations.

If you wonder why Soros meddled in these nations’ affairs, part of the answer may lie in the fact that during and after the chaos, he invested heavily in assets in each of the respective countries.

He then used Columbia University economist Jeffrey Sachs to advise the fledgling governments to privatize all public assets immediately, thus allowing Soros to sell the assets he had acquired during the turmoil into newly formed open markets.

Having succeeded in advancing his agenda in Europe through regime change—and profiting in the process—he soon turned his attention to the big stage, the United States.

The Big Time

In 2004, Soros stated, “I deeply believe in the values of an open society. For the past 15 years I have been focusing my efforts abroad; now I am doing it in the United States.”

Since then, Soros has been funding groups such as:

The American Institute for Social Justice, whose aim is to “transform poor communities through lobbying for increased government spending on social programs”

The New America Foundation, whose aim is to “influence public opinion on such topics as environmentalism and global governance”

The Migration Policy Institute, whose aim is to “bring about an illegal immigrant resettlement policy and increase social welfare benefits for illegals”

Soros also uses his Open Society Foundations to funnel money to the progressive media outlet, Media Matters.

Soros funnels the money through a number of leftist groups, including the Tides Foundation, Center for American Progress, and the Democracy Alliance in order to circumvent the campaign finance laws he helped lobby for.

Why has Soros donated so much capital and effort to these organizations? For one simple reason: to buy political power.

Democratic politicians who go against the progressive narrative will see their funding cut and be attacked in media outlets such as Media Matters, which also directly contribute to mainstream sites such as NBC, Al Jazeera, and The New York Times.

Apart from the $5 billion Soros’s foundation has donated to groups like those cited above, he has also made huge contributions to the Democratic Party and its most prominent members, like Joe Biden, Barack Obama, and of course Bill and Hillary Clinton.

Best Friends with the Clintons

Soros’s relationship with the Clintons goes back to 1993, around the time when OSF was founded. They have become close friends, and their enduring relationship goes well beyond donor status.

According to the book, The Shadow Party, by Horowitz and Poe, at a 2004 “Take Back America” conference where Soros was speaking, the former first lady introduced him saying, “[W]e need people like George Soros, who is fearless and willing to step up when it counts.”

Soros began supporting Hillary Clinton’s current presidential run in 2013, taking a senior role in the “Ready for Hillary” group. Since then, Soros has donated over $15 million to pro-Clinton groups and Super PACs.

More recently, Soros has given more than $33 million to the Black Lives Matter group, which has been involved in outbreaks of social unrest in Ferguson, Missouri, and Baltimore, Maryland, in 2015. Both of these incidents contributed to a worsening of race relations across America.

The same group heavily criticized Democratic contender Bernie Sanders for his alleged track record of supporting racial inequality, helping to undercut him as a competitive threat with one of Hillary Clinton’s most ardent constituencies.

This, of course, greatly enhances the clout Soros wields through the groups mentioned above. It is safe to assume that he is now able to drive Democratic policy, especially in an administration headed by Hillary Clinton.

Simply, what Soros wants, he gets. And it’s clear from his history that he wants to smudge away national borders and create the sort of globalist nightmare represented by the European Union.

In recent years, Soros has turned his attention back to Europe. Is it a coincidence that the continent is currently in economic and social disarray?

Another Home Run: the Ukrainian Conflict

There’s no doubt about Soros’s great influence on US foreign policy. In an October 1995 PBS interview with Charlie Rose, he said, “I do now have access [to US Deputy Secretary of State Strobe Talbott]. There is no question. We actually work together [on Eastern European policy].”

Soros’s meddling reared its ugly head again in the Russia-Ukraine conflict, which began in early 2014.

In a May 2014 interview with CNN, Soros stated he was responsible for establishing a foundation in the Ukraine that ultimately led to the overthrow of the country’s elected leader and the installation of a junta handpicked by the US State Department, at the time headed by none other than Hillary Clinton:

CNN Host: First on Ukraine, one of the things that many people recognized about you was that you during the revolutions of 1989 funded a lot of dissident activities, civil society groups in Eastern Europe and Poland, the Czech Republic. Are you doing similar things in Ukraine?

Soros: Well, I set up a foundation in Ukraine before Ukraine became independent of Russia. And the foundation has been functioning ever since and played an important part in events now.

The war that ripped through the Ukrainian region of Donbass resulted in the deaths of over 10,000 people and the displacement of over 1.4 million people. As collateral damage, a Malaysia Airlines passenger jet was shot down, killing all 298 on board.

But once again Soros was there to profit from the chaos he helped create. His prize in Ukraine was the state-owned energy monopoly Naftogaz.

Soros again had his US cronies, Secretary of the Treasury Jack Lew and US consulting company McKinsey, advise the puppet government of Ukraine to privatize Naftogaz.

Although Soros’s exact stake in Naftogaz has not been disclosed, in a 2014 memo he pledged to invest up to $1 billion in Ukrainian businesses, but no other Ukrainian holdings have since been reported.

His Latest Success: the European Refugee Crisis

Soros’s agenda is fundamentally about the destruction of national borders. This has recently been shown very clearly with his funding of the European refugee crisis.

The refugee crisis has been blamed on the civil war currently raging in Syria. But did you ever wonder how all these people suddenly knew Europe would open its gates and let them in?

The refugee crisis is not a naturally occurring phenomenon. It coincided with OSF donating money to the US-based Migration Policy Institute and the Platform for International Cooperation on Undocumented Migrants, both Soros-sponsored organizations. Both groups advocate the resettlement of third-world Muslims into Europe.

In 2015, a Sky News reporter found “Migrant Handbooks” on the Greek island of Lesbos. It was later revealed that the handbooks, which are written in Arabic, had been given to refugees before crossing the Mediterranean by a group called “Welcome to the EU.”

Welcome to the EU is funded by—you guessed it—the Open Society Foundations.

Soros has not only backed groups that advocate the resettlement of third-world migrants into Europe, he in fact is the architect of the “Merkel Plan.”

The Merkel Plan was created by the European Stability Initiative whose chairman Gerald Knaus is a senior fellow at none other than the Open Society Foundations.

The plan proposes that Germany should grant asylum to 500,000 Syrian refugees. It also states that Germany, along with other European nations, should agree to help Turkey, a country that’s 98% Muslim, gain visa-free travel within the EU starting in 2016.

Political Discourse

The refugee crisis has raised huge concern in European countries like Hungary.

In response to 7,000 migrants entering Hungarian territory per day in 2015, the Hungarian government reestablished border control in order to keep the hordes of refugees from entering the country.

Of course this did not go down well with Soros and his close allies, the Clintons.

Bill Clinton has since come out and accused both Poland and Hungary of thinking “democracy is too much trouble” and wanting to have a “Putin-like authoritarian dictatorship.”

Seeing through Clinton’s comments, Hungarian Prime Minister Viktor Orbán responded by saying, “The remarks made about Hungary and Poland … have a political dimension. These are not accidental slips of the tongue. And these slips or remarks have been multiplying since we are living in the era of the migrant crisis. And we all know that behind the leaders of the Democratic Party, we have to see George Soros.”

He went on to say that “although the mouth belongs to Clinton, the voice belongs to Soros.”

Soros has since said of Orbán’s policy toward the migrants: “His plan treats the protection of national borders as the objective and the refugees as an obstacle. Our plan treats the protection of refugees as the objective and national borders as the obstacle.”

It’s hard to imagine that he could be any clearer in his globalist intentions.

The Profit Motive

So why is Soros going to such lengths to flood Europe with hordes of third-world Muslims?

We can’t be sure, but it has recently come to light that Soros has taken a large series of “bearish derivative positions” against US stocks. Apparently, he thinks that causing chaos in Europe will spread the contagion to the United States, thus sending US markets spiraling downward.

The destruction of Europe through flooding it with millions of unassimilated Muslims is a direct plan to cause economic and social chaos on the Continent.

Another example of turmoil equaling profit for George Soros, who seems to have his tentacles in most geopolitical events.

We all understand correlation is not causation. However, given Soros’s extraordinary wealth, political connections, and his long track record of seeing and profiting from chaos, he is almost certainly a catalyst for much of the geopolitical turmoil now occurring.

He is intent on destroying national borders and creating a global governance structure with unlimited powers. From his comments directed toward Viktor Orbán, we can see he clearly views national leaders as his juniors, expecting them to become puppets that sell his narrative to the ignorant masses.

Soros sees himself as a missionary carrying out the globalist agenda taught to him by his early mentors. He uses his vast political connections to influence government policy and create crises, both economic and social, to further this agenda.

By all appearances, Soros is conspiring against humanity and is hell-bent on the destruction of Western democracies.

To any rational thinker, some global events just don’t make sense. Why, for example, would Western democracies take in millions of people whose values are completely incompatible with their own?

When we look closely at the agenda being actively promoted by the leading globalist puppet master, George Soros, things become a little clearer.

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On Soros & Gold

David, again.

While I’m not a conspiracy theorist per se, I do believe there is a naturally occurring and constant collaboration about shared interests occurring amongst the heads of governments, corporations, investment managers and all of the bottom feeders that survive off their scraps.

What I find most interesting about Soros is that he is so obvious in his intentions and persistent in their pursuit. Given the consequences of his actions, it is also clear he’s a believer in moral relativism and that the ends justify the means.

That he turns a nice buck in his crusade for what certainly rhymes with a one-world government is a Soros hallmark.

“It allows me the money needed to fund my philanthropies” he might answer to the charges he is profiting from blood in the streets he was instrumental in spilling.

Going forward when something big is happening geopolitically, I am going to start my analysis by checking under rocks for signs of Soros.

At the beginning of this article we noted that Soros has gone big into American Barrick (ABX), a leading gold producer. As of the end of March it was his single largest holding at 7.36% of his overall portfolio.

As telling, he has dumped a lot of his more conventional stocks in recent months.

Given the man’s inside track – and active manipulations – you might want to take the hint and pick up some physical gold as an insurance policy against a systematic shock.

If you already own gold, I probably wouldn’t chase it here as it has had a good run of late. Ditto silver which is up 46% year to date. But if you don’t own some, adding precious metals to your portfolio as a long-term holding, even at today’s prices, makes sense.

Per last week, I continue to believe the gold stocks have probably gotten ahead of themselves and could be in for a pretty significant correction. If so, I would be inclined to up my allocation to the sector to 20% of my total portfolio.

That said, no one can predict the future and gold could continue to power ahead, with the gold shares a more leveraged way to play the sector.

As always with gold shares, it is important to remember a few things:

In most cases, these are speculations. That’s because their financial metrics often don’t line up with anything looking like a good value. What you are really betting on is a revaluation of the ounces of gold or silver a company is sitting on. Thus, if a company is sitting on one million ounces of gold and gold goes up by $100, the company just got a lot more valuable.

Never fall in love with a gold stock. Set a rational return goal and once hit, at least scrape your original investment off the table. That way you are playing with the casino’s money.

Also per my article last week, keep in mind that should gold stocks buck the trend in a future global equities correction, the money managers who own big positions in gold stocks will almost certainly dump their holdings in order to dress up the rest of their portfolios. As the trading volume in precious metals share is relatively thin, you want to beat them out the door.

Embrace the volatility. The low trading volume of most of these stocks is a key reason they have such explosive upside. Any significant uptick in investor interest can send a stock soaring.

However, the flipside is also true. In the bear market that started in 2011, the majority of the precious metals stocks lost upwards of 75% of their value and many simply dried up and went away. Enjoy the ride, but don’t stay too late at the party.

Earlier this week I commented to a friend that if the EU was going to remain relevant, there had to be some major financial pain dished out post-Brexit. To let that seminal event pass with nothing more than the equivalent of a global shrug would entirely change how people view the European Union.

The bottom line, I’m expecting some volatility, perhaps triggered by Soros taking a second run at crushing the British pound, the source of much of his fortune and fame.

It’s promising to be a long, hot summer.

Here Come the Clowns

Nothing comes close to the Get Out of Jail card handed by the clowns at the FBI to Hillary over her private email servers. This despite pretty much no one disputes she broke any number of federal laws of the sort which would have landed a lesser clown in jail.

To quote FBI Director James Comey, “Although there is evidence of potential violations of the statutes regarding the handling of classified information, our judgment is that no reasonable prosecutor would bring such a case.”

There is nuance in that statement. For starters, that there is evidence of violations. But also the stark political reality that no “reasonable prosecutor” would enforce the laws, considering who the perp is: the standard bearer for the Democrats going into this election.

Besides, going after Clinton means crossing swords with Soros and no “reasonable prosecutor” would want to do that.

Here is number 8 U.S. Code 1182, inadmissible aliens. This law was written in 1952. It was passed by a Democrat-controlled Congress, House and Senate, and signed by a Democrat president.

“Suspension of entry or imposition of restrictions by president. Whenever the president finds that the entry of any aliens or of any class of aliens into the United States would be detrimental to the interests of the United States, the president may, by proclamation, and for such period as he shall deem necessary, suspend the entry of all aliens or any class of aliens as immigrants or nonimmigrants or impose on the entry of aliens any restrictions he may deem to be appropriate.”

Over here, everybody in the establishment in the political class, Republican, Democrat, media, you name it, is all claiming that what Trump said is dumb, stupid, reckless, dangerous, unconstitutional, while it is the law of the land. And it was utilized by Jimmy Carter, no less, in 1979 to keep Iranians out of the United States, but he actually did more. He made all Iranian students already here check in, and then he deported a ton of ’em.

There is precedent for everything Donald Trump has said he wants to do. And if you listen to the wizards of smart in this country and our political establishment, you will think that this stuff is just unheard of, it’s almost unspeakable, it’s just indecent. Here we have in the establishment the reputed best and brightest, the smartest. We’re not even qualified to be in their company no less. And they’re dunces on this.

In November the 1979 United States attorney general had given all Iranian students one month to report to the local immigration office. Seven thousand were found in violation of their visas, 15,000 Iranians were forced to leave the United States in 1979.

. . .

All of these statements that Jimmy Carter made were made in public, and the announcements that he made that he was gonna send Iranians home, Iranian students home, that they had to report to immigration, they had to confirm they were here legally, those who weren’t were sent back. They put a moratorium on all Iranians being allowed in the country back in 1979.

Carter did that publicly. He announced it in public, and he announced it proudly. . . .

So here again, number 8 United States Code 1182, inadmissible aliens. “Suspension of entry or imposition of restrictions by president. Whenever the president finds that the entry of any aliens or of any class of aliens into the United States would be detrimental to the interests of the United States, he may, by proclamation,” meaning he doesn’t have to go back and get a new vote. This law empowers him to stand up and do what Jimmy Carter did. “He may, by proclamation, and for such period as he shall deem necessary –” until next week, until next year, until whenever he wants “– suspend the entry of all aliens or any class of aliens as immigrants or nonimmigrants or impose on the entry of aliens any restrictions he may deem to be appropriate

Monday, January 30, 2017

On several occasions I have asked in my columns the rhetorical question: What became of the left? Today I answer my question.

The answer is that the European and American left, which traditionally stood for the working class and peace (bread and peace) no longer exists. The cause championed by those who pretend to be the “left” of today is identity politics. The “left” no longer champions the working class, which the “left” dismisses as “Trump deplorables,” consisting of “racist, misogynist, homophobic, gun nuts.” Instead,the “left” champions alleged victimized and marginalized groups—blacks, homosexuals, women and the transgendered. Tranny bathrooms, a cause unlikely to mobilize many Americans, are more important to the “left” than the working class.

All white-skinned peoples except leftists, including apparently victimized women, are racist by definition. Racism and victimization are the explanations of everything, all of history, all institutions, even the US Constitution. This program of the left cuts the left off from the working class, who have been abandoned by both political parties, and has terminated the left’s connection to the people.

Working Class Americans

The collapse of the left as an effective and real political force followed the Soviet collapse. The underclass had resisted their exploitation before the publication of Karl Marx’s Das Kapital in 1867. But Marx raised the exploitation of labor to a fighting cause on whose side was History. The Bolshevik Revolution in Russia seemed to validate Marx with its overthrow of the existing order and proclamation of Soviet Communism.

Soviet practices deflated left-wing hopes and expectations, but nevertheless an alternative system which continued to speak against capitalist exploitation existed. When the Soviet Union collapsed in 1991, neoconservatives and neoliberals declared that History had chosen capitalism over the working class, and Marx’s prediction of the triumph of the working class had been proven wrong.

The Soviet collapse caused communist China and socialist India to change their economic policy and to open their economies to foreign capital. With no rival, capitalism no longer had to restrain itself and allow widespread access to the growth of income and wealth. Capitalists began collecting it all for themselves. Many studies have concluded that the productivity gains which formerly went mainly to the work force are now monopolized by the mega-rich.

One avenue to the concentration of income and wealth is the financialization of the economy (emphasized by Michael Hudson and by Marx in the third volume of Capital). The financial sector has been able to divert the discretionary income of the working class into interest and fees to banks (mortgages, car loans, credit card debt, student loans).

The other avenue is the offshoring of American jobs to which Donald Trump is strongly opposed. Here is what happened:

Wall Street told US manufacturers to move their production to China in order to increase profits from lower labor and regulatory costs, or Wall Street would finance takeovers of the companies, and the new owners would raise the firms’ profitability by moving production offshore. Large retailers, such as Walmart, ordered suppliers “to meet the Chinese price.”

When the jobs were in the US, most of the gains in productivity went to labor. Therefore, real median family incomes rose through time, and the consumer purchasing power this income growth provided drove the US economy to success for ever more people.

When the jobs were moved to Asia, the growth in real median US family incomes stopped and declined. The large excess supplies of labor and lower cost of living in Asia meant that Asian workers did not have to be paid in wages the value of their contribution to output.

The difference between the US wage and Asian wage was large and went into corporate profits, thus driving up executives’ “performance bonuses” and capital gains (rising stock prices from higher profits) for shareholders.

In my book, The Failure of Laissez Faire Capitalism published in 2013, I was able to calculate that based on current information at that time, every 1,000 manufacturing jobs moved to China resulted in a labor cost saving for the US company of $32,000 per hour.

These hourly savings did not translate into lower prices for US consumers of the offshored production. The labor cost savings translated directly into the incomes of the executives and shareholders.

Thus, jobs offshoring permitted the productivity gains to be monopolized by corporate owners and executives.

Stand with the Working Class

Instead of responding to Trump’s support of the working class and his actions in their behalf during the first week of his presidency—Trump’s termination of TPP and his demand to auto manufacturers to bring manufacturing back to America—the “left” has rallied around a victim group—illegal immigrants. The “left” even elevates non-US citizens above the US working class.

Hillary’s Deplorables – Working Class Americans

Trump was elected by the working class. If the left is defined historically as the champion of the working class, then Donald Trump is their champion and the “left” is their enemy.

Throughout the contest for the Republican presidential nomination and the contest for the presidency, the “left” was allied with the ruling establishment of mega-rich capitalist oligarchs and the warmonger military/security complex against Trump. As Trump’s presidency begins, it is the “left” that wants Trump impeached and delegitimized, precisely the goals of the war- mongers and the mega-rich and their presstitutes.

Transfer of Power to the Working Class Americans

Even environmental groups, such as NRDC of which I am a member, have joined the identity politics against Trump. Rhea Suh, NRDC’s president, has just sent me an email in which she declares NRDC, supposedly a champion of wildlife and the environment, to be standing with women in the Women’s March on Washington against Trump “in defense of our most basic rights as women.” “Women matter,” Rhea declares, and proceeds to blame Trump for Flint Michigan’s polluted water.

I am convinced that it is a mistake for Trump to emphasize jobs at the expense of the environment. Whether or not global warming is a hoax, environmental destruction is not. It is real, and the working class, as in Flint, are suffering from it as well as from the offshoring of their jobs.

The Democratic Party died during the Clinton regime when Clinton allied with the Democratic Leadership Council (DLC) founded in 1985 by Al From. I have often wondered who funded the DLC. It could just as well have been the Koch brothers as the DLC turned the Democratic Party into a second Republican Party.

The DLC convinced Democrats that the defeat of the presidential campaigns of George McGovern and Walter Mondale proved that economic populism is not politically viable. Democrats had to turn away from the left and embrace “mainstream values” and “market-based solutions.” The DLC was a big supporter of NAFTA. Reportedly, the DLC’s Will Marshall regarded pacifists and Iraq war protesters as anti-American and advised Democrats to keep their distance.

In short, the message was: compete with the Republicans for the big corporate and financial sector money. It certainly worked for the Clintons, but not for the Democratic Party.

As “market-based solutions” offshored US manufacturing jobs, the Democratic Party’s finances declined with union membership and power. Today Democrats and Republicans are dependent on the same interest groups for campaign funds. Thus ended the Democratic Party’s connection with the working class.

The question is: Can Trump stand for the working class when both political parties and the presstitute media, the think tanks, universities, environmental organizations, military/security complex, Wall Street, and courts stand against the working class?

Sunday, January 29, 2017

On January 19 a fire broke out in a 17-story high rise in Tehran and the building collapsed, killing over 20 firefighters. Photos and videos show that the building was no paragon of steel-framed skyscraper strength.

The “semi-official” Tasnim news agency reported that business units and shops inside the building were not insured because of a lack of required safety measures.

The Plasco building, Iran’s first private high-rise, was built in the early 1960s by an Iranian-Jewish businessman. His granddaughter, Shahrzad Elghanayan, writes, “Instead of preserving the edifice, the building’s new owners allowed what had once been a bright, shining tower of Tehran’s skyline to turn into a ramshackle space, dwarfed and supplanted

Fire breaks out in a high-rise building in Tehran, Iran January 19, 2017. Tasnim News Agency/Handout via REUTERS

by thousands of new skyscrapers. Space originally designed for offices had been carved up and converted into hundreds of garment workshops.” A fire brigade spokesman said: “Even in the stairwells, a lot of clothing is stored and this is against safety standards. The managers didn’t pay attention to the warnings.” The head of the shirt maker’s union, Mojtaba Droodian, told local Fars agency that the fire extinguishers were empty.

Elghanayan remarked, “If they were aware of the building’s violations, why hadn’t the owners or the city shut Plasco down until it was up to code?…the least they could have done was to ensure the safety of the people inside.”

The collapsed building towers over vehicles!

We can learn something about 9/11 from the tragic Tehran collapse. How? Because the Tehran event is powerful evidence confirming Dr. Judy Wood’s forensic investigation of 9/11 (p. 132), namely, post-collapse pictures reveal a Pasco building debris pile almost three stories tall, approximately what Dr. Wood teaches us to expect from a collapse or demolition of a 17-story high rise (17 floors x 0.125 = 2.125 floors). Call it the 1/8+ rule. Another example is the Seattle Kingdome which was 250 feet tall and left a 30-foot tall debris pile (Wood, p. 74). By contrast “The [World Trade Center] rubble pile was no more than 2% of the original building height” (Wood, p. 132). [See Editor's note below.)

Rubble should have been stacked 14 stories tall for each twin tower yet most of the WTC site was much closer to a zero “pile” or “stack” than 14 stories. And no, the missing debris was not packed into the basement (Wood, pp. 54-60, 188-9). Conventional calculations show there should have been 1.2 million tons of debris on the ground yet the photo record and witness testimony are “clearly not commensurate with that amount of debris” (Wood, p. 195).

By itself, the paucity of debris at WTC rules out airplane-fueled fires, controlled demolition, thermite, and mini-nukes as causes of the obliteration of the twin towers.

“Guys, there used to be 106 floors above us and now I’m seeing sunshine.” — Jay Jonas, firefighter, survivor in stairwell B.

Why? Because none of these devices can convert a steel/concrete tower to primarily dust. Airplane crashes, welding material and kinetic explosives pulverize (“chunkify”) solids, breaking them into smaller, recognizable pieces, with only incidental dust. These means cannot turn two massive towers primarily into fine powder. Nope, only an “unconventional” agent of obliteration could cause such an effect (“dustification”).

The other evidence gleaned from the WTC confirms and reinforces the extraordinary absence of debris too: huge, dense, unprecedented dust clouds, negligible seismic impact, a leak-proof, undamaged WTC bathtub, a lack of bodies, toilets, computers, office furniture and other contents of the towers, etc. Only one file drawer was ever recovered.

Then we have a New York Times article celebrating the fact that “[Those heading the cleanup and those removing the rubble at ground zero are trumpeting nothing short of a construction miracle…. The cleanup, it turns out, will take no more than nine months and cost no more than $750 million” instead of a year plus and $2.5 billion. None of the alleged causes of the speedy clean-up included the mysterious lack of debris. The NYT did note that “And the huge concrete basin that kept the Hudson River from leaking into the site has not, as many engineers feared, developed major cracks, which might have taken months and hundreds of millions of dollars to repair.” No one thought to ask, however, how come 1.2 million tons of debris crashing down on the basin/bathtub failed to cause any damage? What the blazes? No sense asking difficult questions, Never know where that might lead.

Editor's note: Morgan has done a brilliant job of displaying the proof that what happened on 9/11 was covered-up because it was "an inside job". While I believe there are powerful reasons for preferring an explanation in terms of the use of mini or micro nukes, we agree that there was no "collapse" of either of the Twin Towers. Here is another photo illustrating the proof that the Tehran collapse provides:

To the left, observe the 5.5 floor debris pile from the collapse (due to controlled demolition) of WTC-7, which was a 47-story building (in my estimation, the most robust ever designed by the hand of man). To the right, the absence of a debris pile from the destruction (by a demolition under control) of the 110-story WTC-1 (North Tower), which was obliterated to or even below ground level. Q.E.D.